Travis Perkins Unit 1 Beevor Industrial Estate Barnsley South Yorkshire S71 1HN

Travis Perkins
Unit 1 Beevor Industrial Estate
Barnsley
South Yorkshire
S71 1HN

Well Located Trade Counter Investment

  • Entirely let to Travis Perkins (Properties) Limited
  • 25 year lease expiring in November 2031 (no breaks)
  • Established trade location within Beevor Industrial Estate
  • 716.20 sq m (7,709 sq ft) Trade Counter unit on large site of approximately 1.89 acres (0.77 ha)
  • Very low site coverage of approximately 8.46%
  • Rent reviewed 5 yearly to the higher of two-thirds of Market Rent or 3% pa compounded annually
  • Rent rising to a minimum of £57,866 pa in December 2025 and a minimum of £67,082 pa in December 2030
  • Lot
    7
  • Auction
    25th March 2021
  • Rent
    £49,916 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Asset Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Well Located Trade Counter Investment

  • Entirely let to Travis Perkins (Properties) Limited
  • 25 year lease expiring in November 2031 (no breaks)
  • Established trade location within Beevor Industrial Estate
  • 716.20 sq m (7,709 sq ft) Trade Counter unit on large site of approximately 1.89 acres (0.77 ha)
  • Very low site coverage of approximately 8.46%
  • Rent reviewed 5 yearly to the higher of two-thirds of Market Rent or 3% pa compounded annually
  • Rent rising to a minimum of £57,866 pa in December 2025 and a minimum of £67,082 pa in December 2030
  • Lot 7
  • Auction 25th March 2021
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Trade Counter
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Asset Manager

Property Information

Location
Miles
14 miles north of Sheffield
20 miles south of Leeds
Roads
A628, M1 (J37)
Rail
Barnsley Interchange
Air
Doncaster/Sheffield Airport
Situation

The South Yorkshire town of Barnsley is a large commercial centre, located approximately 14 miles north of Sheffield and 20 miles south of Leeds. The property benefits from excellent road connections with access to J37 of the M1 motorway just two miles to the west. The property is located within the well established Beevor Industrial Estate, accessed from Pontefract Road (A628), approximately 1.5 miles east of Barnsley town centre. Nearby occupiers on Beevor Industrial Estate include Barnsley Auto Centre, SDL Minorfern, Palmer Civil Engineers, Yorkshire Industrial Tyres and Tyke Racing.

Tenure

Long Leasehold. 200 years from 1st December 2006 at a peppercorn rent. The Freehold Interest can be purchased for £1+VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.

Location
Miles
14 miles north of Sheffield
20 miles south of Leeds
Roads
A628, M1 (J37)
Rail
Barnsley Interchange
Air
Doncaster/Sheffield Airport
Situation

The South Yorkshire town of Barnsley is a large commercial centre, located approximately 14 miles north of Sheffield and 20 miles south of Leeds. The property benefits from excellent road connections with access to J37 of the M1 motorway just two miles to the west. The property is located within the well established Beevor Industrial Estate, accessed from Pontefract Road (A628), approximately 1.5 miles east of Barnsley town centre. Nearby occupiers on Beevor Industrial Estate include Barnsley Auto Centre, SDL Minorfern, Palmer Civil Engineers, Yorkshire Industrial Tyres and Tyke Racing.

Tenure

Long Leasehold. 200 years from 1st December 2006 at a peppercorn rent. The Freehold Interest can be purchased for £1+VAT, subject to conditions being satisfied. Please refer to the legal pack for further information.

Description

The property comprises a large, single storey detached warehouse which has been sub-divided into trade counter/showroom, office, warehouse, mezzanine storage and ancillary accommodation. The property benefits from a roller shutter door and extensive concrete hard standing yard used for external storage and customer parking. There are a further two out-buildings within the yard used for additional storage (including a Tempa Store) and are not included in the rentalised area. The total site extends to some 1.89 acres (0.77 ha), resulting in a very low site coverage of approximately 8.46%.

VAT

VAT is applicable to this lot.

EPC

D. See legal pack at www.acuitus.co.uk.

Description

The property comprises a large, single storey detached warehouse which has been sub-divided into trade counter/showroom, office, warehouse, mezzanine storage and ancillary accommodation. The property benefits from a roller shutter door and extensive concrete hard standing yard used for external storage and customer parking. There are a further two out-buildings within the yard used for additional storage (including a Tempa Store) and are not included in the rentalised area. The total site extends to some 1.89 acres (0.77 ha), resulting in a very low site coverage of approximately 8.46%.

VAT

VAT is applicable to this lot.

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor Use Gross Internal Floor Areas
(Approx)
Tenant Term Rent p.a.x Review
Ground
Mezzanine
Warehouse
Ancillary
647.10 sq m
69.10 sq m
(6,965 sq ft)
(744 sq ft)
TRAVIS PERKINS
(PROPERTIES)
LIMITED (1) t/a
Travis Perkins
25 years from
01/12/2006 until
30/11/2031 on a full
repairing and insuring
lease (2)
£49,916 01/12/2020 (3)
01/12/2025
01/12/2030 (4)
Total
716.20 sq m
(7,709 sq ft)
    £49,916  

(1) For the year ending 31/12/2019, Travis Perkins (Properties) Limited reported a turnover of £68,000,000, pre-tax profits of £31,000,000 and shareholder's funds of £290,400,000 (NorthRow 03/03/2021).
Established over 200 years ago, Travis Perkins is one of the largest suppliers of building materials to the UKs building and construction industry. Travis Perkins operate from over 560 branches and 300 tool-hire outlets. (travisperkins.co.uk)
(2) The lease is subject to a Schedule of Condition.
(3) The rent is reviewed to the higher of two-thirds of Market Rent or a 3% pa compounded increase. Whilst the rent due from the December 2020 rent review date has been increased to the minimum 3% pa compounded, the purchaser may still be able to negotiate a higher rent due to the December 2020 review being outstanding.
(4) The lease further benefits from minimum fixed increases in rent to £57,866 pa in December 2025 and £67,082 pa in December 2030.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    05.03.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    05.03.21
    File Size
    751 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Associate Auctioneers
HSM Chartered Surveyors 115 Mount Street
London
W1K 3NQ
020 7629 2040
Paul Yeadon 07711 454410cpy@hsmuk.com
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP Cannon Place, 78 Cannon Street
London
EC4N 6AF
Thomas Neale 020 7367 3318thomas.neale@cms-cmno.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now